Here’s a look at the companies making headlines before the close: American Eagle Outfitters – Shares of American Eagle Outfitters rose 4% after JPMorgan upgraded the stock to “overweight” from “neutral.” The company mentioned the retailer’s sales plans and operational changes during the call. Freeport-McMoRan — Shares of the U.S. mining company rose 1.9% after Bank of America upgraded it to buy from neutral, saying it has “blue-chip copper exposure.” . Molson Coors — Shares of Molson Coors rose 1.9% after Goldman Sachs upgraded the brewing company to a buy rating, saying it could benefit from expanding shelf space at retailers. Ally Financial — Shares of the financial services company rose nearly 2% after Bank of America upgraded its rating to “buy” from “neutral.” Analysts at the bank believe Ally Financial’s earnings are likely to be higher than expected, earnings are less volatile and its underlying credit leverage may be undervalued. Alphabet — Shares edged higher ahead of Tuesday’s Google Cloud Next event. The tech giant has been on a strong run lately, with shares soaring more than 14% in the past month. Pfizer — Shares of Pfizer edged higher Tuesday after the pharmaceutical giant said its respiratory syncytial virus vaccine showed potential to protect adults under 60 from severe disease. —CNBC’s Michelle Fox contributed reporting
